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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-the-u-s-establish-a-national-bitcoin-reserve" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will the U.S. Establish a National Bitcoin Reserve?</a><br></p>
<p style="text-align: justify">The proposal of a national <a href="https://en.bitcoinhaber.net/bitcoin-price-drop-shakes-the-crypto-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> reserve in the United States, initially suggested by Donald Trump after his presidential election win, has sparked considerable discussion among experts and market players. While the idea captures attention, significant challenges related to politics, regulation, and economics remain, leading to mixed opinions about its viability.</p>
<h2 id="what-do-experts-think-about-the-proposal">What Do Experts Think About the Proposal?</h2>
<p style="text-align: justify">Michael Novogratz, the CEO of Galaxy Digital, voiced doubts regarding the proposal’s success. He remarked, “I think the probability of this is low,” pointing out that the Republican Senate majority lacks the necessary support to push this initiative forward effectively.</p>
<h2 id="what-barriers-stand-in-the-way">What Barriers Stand in the Way?</h2>
<p style="text-align: justify">Dr. Arash Aloosh, a finance professor at NEOMA Business School, acknowledged the innovative nature of the idea but highlighted the complexities involved in its execution. He noted that while a national reserve would mean official U.S. endorsement of Bitcoin, it contradicts the government’s cautious approach to cryptocurrency.</p>
<p style="text-align: justify">The proposition for a national Bitcoin reserve raises several key points:<br> – A clear regulatory framework is essential for implementation.<br> – Official recognition of Bitcoin as a national asset is critical.<br> – The current $1.8 trillion budget deficit presents significant financial hurdles.</p>
<p style="text-align: justify">While some assert that Trump could establish the reserve without seeking congressional consent, this raises questions about the extent of his executive authority. Proponents believe that such a reserve would validate Bitcoin as a legitimate store of value, potentially reinforcing the U.S. financial landscape. Despite the allure of this initiative, political challenges and regulatory hurdles suggest that discussions around a Bitcoin reserve in the U.S. are likely to continue for some time.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-the-u-s-establish-a-national-bitcoin-reserve" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will the U.S. Establish a National Bitcoin Reserve?</a></h5>

Will the U.S. Establish a National Bitcoin Reserve?

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